Stifel Nicolaus Maintains Hold on Amerigroup

Stifel Nicolaus is out with its report today on Amerigroup AGP, maintaining Hold. In a note to clients, Stifel Nicolaus writes, "We believe the current $64.85 share price anticipates a favorable Texas outcome. Applying the current 2012 multiple to our new estimate yields $69. Additionally, our DCF methodology yields ~$60 with our new assumptions. As such, we are maintaining our Hold rating on AGP shares." Shares of AGP closed Thursday at $64.85.